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The Most Important Chart In The World

Dec. 03, 2012 3:08 PM ETSPY, DIA, QQQ, IWM, AAPL, GOOG
Allan Harris profile picture
Allan Harris's Blog
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OK, a little hyperbole. Nonetheless, a break of the Wave 4 Channel coincident with a Stochastic sell signal will generate a 70% probability of the DJIA falling to the 11000 area in the weeks ahead. I know about the bullish seasonality, it's all over CNBC, Bloomberg TV and Fox Business. With such a sweeping consensus, how could the market possibly go down in December?

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